Reasonability of results

Question 1

What should be considered before finalizing the actuarial report?

Answer 1

That the results obtained from the valuation are reasonable in aggregate and for each valuation unit within the entire portfolio

Question 2

How should reasonableness of results be assessed?

Answer 2

1. Comparable results for each valuation unit to previous valuation results
2. Development in the valuation unit during the inter-valuation period
3. The experience of the valuation unit since the previous valuation
4. Changes in economic assumptions (inflation and investment)
5. Changes to the actuarial model
6. Available industry results or benchmarks